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UK regulator tells banks risk management is a top priority after Archegos
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The Prudential Regulation Authority wrote to international banks operating in the UK to remind them that strengthening risk management is imperative after the multi-billion pound collapse of family office Archegos last year.
In an open letter on its 2022 priorities, the watchdog highlighted financial resilience, operational risk, climate change, diversity, and the switch away from Libor as issues at the top of its agenda.
The...
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